Latest news with #Geoffroy
Yahoo
05-05-2025
- Business
- Yahoo
Why Helen of Troy Stock Plunged Today
Helen of Troy announced on Friday that its CEO had stepped down. The company said the resignation was "immediate," as the company named its CFO as interim chief executive. The uncertainty sent Helen of Troy stock down today after an already terrible start to the year. Shares of home goods and wellness products company Helen of Troy (NASDAQ: HELE) plunged 10.4% on Monday. The company, which has encountered severe headwinds in recent months -- including an earnings report that underwhelmed and uncertainty over tariffs -- abruptly announced after market close last Friday that its CEO was moving on. While some CEO departure announcements are greeted with an appreciation in a struggling stock on hopes of a turnaround, apparently, the market took Helen of Troy's announcement as a sign things may be worse under the surface. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Late Friday afternoon, Helen of Troy announced that CEO Noel Geoffroy was stepping down as CEO, "effective immediately." Of note, Geoffroy had only been CEO for one year, assuming the role in March 2024. The "effective immediately" seems to imply a sudden and harsh decision. That may cause investors to worry that there are bigger problems under the surface. The company did announce that it was promoting CFO Brian Grass to the CEO role, but only on an interim basis, as the board conducts a search for the company's next CEO. While Grass was CFO from 2014 to 2021 and then again since 2023, it appears the appointment of a long-tenured executive didn't quell investor uncertainty. Helen of Troy has plunged 58% so far this year. While the company actually beat revenue expectations last quarter slightly, its adjusted (non-GAAP) EPS fell short of estimates. Furthermore, revenue declined 0.7% overall, and this is in spite of the December 2024 acquisition of Olive & June. On an organic basis, the revenue declines were an even worse 4.9%. Investors might also be worrying about the fact that the Olive & June acquisition increased the company's debt by $235 million, which would be an added burden in a recessionary scenario. While earnings underwhelmed last month, it was really the prospect of tariffs that accounted for the bulk of the stock's decline. Helen of Troy manufactures its household products in China, Vietnam, and Mexico, so it will have to either adapt to the new tariff regime, whenever that is settled, or hope the tariffs fall away as trade deals are struck. While investors don't know what's behind the CEO's resignation, the sudden nature of the decision and lack of preparation for a replacement understandably has investors on edge. Even at just 5.5 times expected 2025 adjusted earnings, Helen of Troy's declining top-line and debt load make it a risky choice; perhaps a value trap. Before you buy stock in Helen Of Troy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Helen Of Troy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $623,685!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $701,781!* Now, it's worth noting Stock Advisor's total average return is 906% — a market-crushing outperformance compared to 164% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Helen of Troy Stock Plunged Today was originally published by The Motley Fool Sign in to access your portfolio
BBC News
08-03-2025
- Sport
- BBC News
Bright future for 'hard working and humble' Bony
Newport County head coach Nelson Jardim says young striker Geoffroy Bony will have a "bright future" if he maintains his work 20-year-old is the son of former Manchester City and Swansea City striker Wilfried Bony - who scored 18 international goals for Ivory junior joined Newport County in November 2024, having started his career at Swansea City's academy."Geoffroy has been great, working hard every day," said Jardim."If you seen him working, you'd be surprised at how hard he works because he wants to prove himself."He has a lot of potential, and if he keeps working in the same way he will have a bright future." Bony has made just five League Two appearances for the Exiles, with his most recent start coming on 14 December against look destined to finish mid-table, with at least 12 points separating them from both the play-offs and relegation Jardim says the club will take their time to find the right opportunities to help build Bony into a League Two quality player."We want to make sure when he has the opportunity to play he does so at a good level," said Jardim."He's a very young boy, and we've seen him in a couple games this season where he has shown his quality."We need to find the right timings and right opposition for him to prove himself."Asked about the similarities between Bony and his father Wilfried, Jardim said Geoffroy's mentality, which should make his parents proud."Geoffroy and Wilfried are two different players, but his dad did a very good job with him," added Jardim who was previously on the coaching staff at Swansea."You cannot imagine how well educated Geoffrey is, hard working and humble."It's a joy to work with him every day."
The Independent
27-02-2025
- Business
- The Independent
Wizz Air eyes ultra low-cost flights from London to Dubai in major Gulf expansion
Wizz Air is looking at operating the first ultra low-cost flight from London to Dubai as part of its ambitions to expand into the Gulf region. Budget seats on the carrier's new Airbus A321XLR long-range aircraft aim to take off for seven-hour journeys to popular cities in the Middle East. With a maximum flying range of up to 11 hours, the aircraft could operate mid-haul routes as far as Dubai and Abu Dhabi. Following the announcement of flights from London Gatwick to Jeddah and Medina, a Wizz Air spokesperson confirmed to The Independent that the airline is already 'looking into other exciting destinations across the Gulf as we expand our XLR routes'. They said: 'The addition of the Airbus A321XLR aircraft to our fleet is a major milestone for Wizz Air in the UK. The expanded reach of this new aircraft will enable us to connect Central and Western Europe with the East, opening the door to more destinations at an affordable price point for our customers.' The low-cost airline recently announced that it will launch the UK's only non-stop flights to the Saudi Arabian city of Medina out of Gatwick from 1 August. From 31 March, its second flight to Saudi will be the airline's longest UK route, flying between Gatwick and Jeddah, Saudi Arabia. The typical one-way Gatwick-Jeddah fare on the budget airline in spring and summer is £135. Wizz Air's UK managing director, Marion Geoffroy, told The Times that the airline was eyeing an expansion in the Gulf region because the destinations are 'all very attractive'. With 'lots of opportunities' to fly out of London, Wizz Air has so far ordered 47 XLR aircraft. The airline already flies to Abu Dhabi and other Middle East destinations from European cities, including Budapest, Vienna and Krakow. Passengers who choose to fly budget with Wizz to the Middle East won't have reclining seats, free food and drink or checked baggage included in their fares but may save hundreds even if they fork out on a suitcase. Geoffroy told the outlet that passengers packing for long haul will find it is 'often cheaper to just buy whatever you're going to need there'.
The Independent
25-02-2025
- Business
- The Independent
Budget airline launches UK's only non-stop flights to new city
Wizz Air will launch the UK's only non-stop flights to the Saudi Arabian city of Medina later this year. From August 1, the budget airline will operate daily return flights between Gatwick Airport in West Sussex and Medina – a holy city in the Islamic faith – using a new Airbus A321XLR plane. The enhanced fuel capacity of the Airbus A321XLRs means they will have a maximum range of up to 11 hours' flying time and burn up to 30 per cent less fuel per seat than previous generation aircraft, according to Airbus. Wizz Air has ordered 47 of the jets. Currently, travellers wanting to fly between the UK and Medina must take connecting flights. Single fares are available from £233.99. It will use its first to fly between Gatwick and Jeddah, Saudi Arabia, from March 31, which will be the airline's longest UK route. Wizz Air already has an extensive network in the Middle East, with nearly 100 routes across the region. Marion Geoffroy, managing director of Wizz Air UK, said the announcement of the Gatwick-Medina route is 'an important milestone for the airline, as we continue to widen our network from the UK beyond Europe'. 'We strive to make flying as accessible as possible, and this new direct route will give thousands of travellers the chance to connect with a city rich in culture and history, for an affordable price,' she said. 'We are proud to be the airline that connects iconic cities around the world, and we look forward to providing even more opportunities for travel in the future.' Flights will last up to nearly seven hours, with seats that do not recline. Ms Geoffroy told the PA news agency: 'The ultra low-cost seat has evolved over time. 'The comfort is the same (as other airlines' economy seats).' She said she was recently on an Emirates flight and found she 'didn't have more space' compared with a Wizz Air plane. Ms Geoffroy added: 'It's down to also how you feel on board. 'We have an improved cabin with a different light. 'It's also down to how the cabin crew make you feel when you're on board. 'Our cabin crew are very used to those long flights now, and they know how to advise passengers on what to do on board. 'It's a matter of really looking at the fares because (between) economy on Emirates and economy on Wizz, I think there is not so much difference nowadays when it comes to the seat comfort.'
The Independent
25-02-2025
- Business
- The Independent
Wizz Air to launch UK's only non-stop flights to Medina
Wizz Air is to launch the UK's only non-stop flights to the Saudi Arabian city of Medina. The budget airline announced it will begin daily return flights between Gatwick Airport in West Sussex and Medina – a holy city in the Islamic faith – from August 1 using a new Airbus A321XLR plane. Single fares are available from £233.99, the carrier said. The enhanced fuel capacity of the Airbus A321XLRs means they will have a maximum range of up to 11 hours' flying time and burn up to 30% less fuel per seat than previous generation aircraft, according to Airbus. Wizz Air has ordered 47 of the jets. It will use its first to fly between Gatwick and Jeddah, Saudi Arabia, from March 31, which will be the airline's longest UK route. Wizz Air already has an extensive network in the Middle East, with nearly 100 routes across the region. Marion Geoffroy, managing director of Wizz Air UK, said the announcement of the Gatwick-Medina route is 'an important milestone for the airline, as we continue to widen our network from the UK beyond Europe'. She added: 'We strive to make flying as accessible as possible, and this new direct route will give thousands of travellers the chance to connect with a city rich in culture and history, for an affordable price. 'We are proud to be the airline that connects iconic cities around the world, and we look forward to providing even more opportunities for travel in the future.' Flights will last up to nearly seven hours, with seats that do not recline. Currently, travellers wanting to fly between the UK and Medina must take connecting flights. Ms Geoffroy told the PA news agency: 'The ultra low-cost seat has evolved over time. 'The comfort is the same (as other airlines' economy seats).' She said she was recently on an Emirates flight and found she 'didn't have more space' compared with a Wizz Air plane. Ms Geoffroy added: 'It's down to also how you feel on board. 'We have an improved cabin with a different light. 'It's also down to how the cabin crew make you feel when you're on board. 'Our cabin crew are very used to those long flights now, and they know how to advise passengers on what to do on board. 'It's a matter of really looking at the fares because (between) economy on Emirates and economy on Wizz, I think there is not so much difference nowadays when it comes to the seat comfort.'
